Palantir quarterly earnings topped expectations

By: Miguel A. Rodriguez

10:37, 18 February 2021

1613573692.png
Disappointing outlook for 2021 from Palantir

Palantir reported revenues of $322 million for the fourth fiscal quarter, topping the $300.7 million consensus. It had an adjusted EPS of 6 cents, higher than the 2 cents projected by analysts. In the past quarter, it closed deals with the FDA, PG&E, and the US army.

Overall, in 2020 announced a revenue per customer of $7.9 million, 41% higher than that reported in 2019. Also, its top 20 customers generated revenues 34% higher than the previous year, figures reaching $33.2 million.

For the quarter ending in March, Palantir expects its revenue to increase 45%, while analysts are looking for a 35% growth to $309.5 million.

However, for 2021 the revenue growth is seen lower than in 2020, at 30%.

Following the news, Palantir stock price fell 12.8%.

Stay updated with the latest financial news with CAPEX.com!

Sources: cnbc.com, investors.com

Share this article

This information/research prepared by Miguel A. Rodriguez does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. The research analyst primarily responsible for the content of this research report, in part or in whole, certifies that the views about the companies and their securities expressed in this report accurately reflect his/her personal views and consequently any person acting on it does so entirely at their own risk.The research provided does not constitute the views of KW Investments Ltd nor is it an invitation to invest with KW Investments Ltd. The research analyst also certifies that no part of his/her compensation was, is, or will be, directly, or indirectly, related to specific recommendations or views expressed in this report.The research analyst in not employed by KW Investments Ltd. You are encouraged to seek advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit that conforms to your specific investment objectives, financial situation, or particular financial needs before making a commitment to invest. The laws of the Republic of Seychelles shall govern any claim relating to or arising from the contents of the information/ research provided. 

Most affected instruments

Palantir Technologies Inc

$ 10